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EUR/USD analysis for July 27, 2017

Posted On 27 Jul 2017
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Recently, the EUR/USD pair has been downwards. The price tested the level of 1.1702. On the 30M time frame chart, I found a strong support at the price of 1.1700 (round number). My advice is to watch for potential buying opportuntiies. The RSI is looking oversold, which is a sign of potential strength. The upward targets are set at the price of 1.1760 and 1.1775.

Resistance levels:

R1: 1.1780

R2: 1.1825

R3: 1.1910

Support levels:

S1: 1.1650

S2: 1.1565

S3: 1.1520

Trading recommendations for today: watch for potential buying opportunities.

The material has been provided by InstaForex Company – www.instaforex.com

Source:: EUR/USD analysis for July 27, 2017

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